Noah Bracking
WGU
ACA1
Task 3
Part C
Due to different account methods, (Accrual vs Cash) and different reporting guidelines between the IRS and
GAAP, it is very important to reconcile Book income and taxable income. Missing the step of reconciling the Boo

Noah Bracking
WGU
Task 2.
A1. The recommended filing status is Married Filing Jointly. Married filing separately has higher tax rates and less
exclusions, deductions and credits. We will go in my detail in the next section.
A2a. All of the following items